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To: MBB1984
"It is pretty clear that we are in a recession."

A recession is two consecutive quarters of negative GDP growth. We have not had that. Therefore, it isn't clear that we are in a recession because we aren't.

63 posted on 04/14/2008 1:45:23 PM PDT by avacado
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To: avacado

That is the technical macroeconomic definition and is based on government numbers, which are unreliable propaganda statistics in my opinion. In a broader sense, there clearly is a economic slowdown, due to the bear market, real estate mess, Fed cutting rates like crazy, rising unemployment, falling earnings and reduced consumer discretionary spending dollars.


116 posted on 04/15/2008 5:04:36 AM PDT by MBB1984
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